The 162,008 shares four investors held in Peruvian microlender CajaSur have been transferred to Fundación BBVA para las Microfinanzas at 141.41 soles each, CajaSur told securities regulator Conasev in a filing.
The number of shares is equivalent to a 55.7% stake in CajaSur, for which BBVA's foundation paid 22.9mn soles (US$7.50mn).
The sale agreement was signed last February, the filing said.
Fundación BBVA para las Microfinanzas is the non-profit microfinance arm of Spain's BBVA (NYSE: BBV), which promotes access to financial services for low-income groups by taking controlling stakes in microfinance institutions.
Publication: Business News Americas - English News
Provider: Business News Americas
Date: September 25, 2007
9/25/07
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